Tag: Saudi bailout

Pakistan receives second $1bn Saudi tranche

--Foreign reserves now stand at $9.24bn as third installment from Riyadh is expected in January   ISLAMABAD: Pakistan’s meagre foreign reserves were bolstered on Friday as the...

Govt holds NEPRA responsible for power tariff hike

--Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers --Asserts no conditions attached to Saudi bailout, Pakistan to...

Govt raises power rates a day after Saudi bailout

--ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for agriculture sector --Consumers using...